Bingo.^^^^^^^^^^
"It's a big problem"
I don't agree with statement. Debt is an issue and we have to keep it in check but look at the big picture.
According to a Bloomsberg article: Debt-to-GDP is seen falling (federally) to 41.5% of output by 2026, from 46.5% -- also a considerable improvement from the fiscal update.
Debt to GDP Ratio by Country 2022
What countries have the largest debt in the world? Here is a list of the top ten countries with the most national debt:
Canada’s national debt is currently at 83.81% of its GDP. Canada’s national debt currently sits at about $1.2 trillion CAD ($925 billion USD). Canada experienced a gradual decrease in debt after the 1990s until 2010 when the debt began increasing again.
- Japan (National Debt: ¥1,028 trillion ($9.087 trillion USD))
- Greece (National Debt: €332.6 billion ($379 billion US))
- Portugal (National Debt: €232 billion ($264 billion US))
- Italy (National Debt: €2.17 trillion ($2.48 trillion US))
- Bhutan (National Debt: $2.33 billion (USD))
- Cyprus (National Debt: €18.95 billion ($21.64 billion USD))
- Belgium (National Debt: €399.5 billion ($456.18 billion USD))
- United States of America (National Debt: $19.23 trillion (USD))
- Spain (National Debt: €1.09 trillion ($1.24 USD))
- Singapore (National Debt: $350 billion ($254 billion US))